Latest / Bull Market Conversations with Fexingo: Rallies, Momentum, and Riding Market Strength
How the Fed Funds Rate and S&P 500 Bull Market Are Changing Mortgage REITs
In this episode of Bull Market Conversations with Fexingo, Lucas and Luna explore how the current bull market and steady Fed funds rate at 3.63 percent are reshaping mortgage real estate investment trusts (REITs). They focus on Annaly Capital Management, a major mREIT that borrows short-term to invest in long-term agency mortgage-backed securities. With the yield curve inverted for over two years, the carry trade that mREITs rely on has been squeezed, forcing firms to hedge aggressively and reduce leverage. The hosts discuss how Annaly's book value has stabilized, its dividend yield of…
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